Friday, 24 March, 2023

Bytedance, Microsoft put TikTok talks on hold after President signals opposition

<p>The deal between ByteDance and Microsoft, for the sale of former&#39;s TikTok business in the USA, has been put on hold after the USA president said that he would not allow the deal to go through and being intent on a ban. Microsoft, under the deal, was to take control of the data of US-based users and allowed another company to operate TikTok in the US. ByteDance bid to retain a minority stake was abandoned after the White House rejected the proposal.</p>